Time To Get Creative With Accounting Team Compensation

Cloud Accounting Weekly is now Own Your Close, a newsletter for management accountants, controllers, and providers of outsourced accounting services. For more accounting technology updates, tune in to the Cloud Accounting Podcast.

Did you know that the unemployment rate for accountants is now under 2 percent? It might as well be zero given how hard it’s gotten to hire talent. For three out-of-the-box ways you can hire and keep the best employees, read my latest article, “Time To Get Creative With Accounting Team Compensation.”

I’ve also got a present for you — the team at FloQast put together a free Cloud Accounting SaaS ROI calculator as a public Google Sheet. We use it to sell the value of close management software, but you can copy this spreadsheet and use it to figure out the return on any subscription-based app that promises to increase your team’s productivity.

Lastly, we’re putting on a free IPO Readiness Forum for Controllers & CFOs in the bay area (mid-peninsula) on Thursday, March 22. I’m really excited to hear Brandt Kucharski, Chief Accounting Officer of Grubhub, on his experience going public. We’ve also got great panelists from Grant Thornton, JMP Securities, and ARC Consulting. And it’s at a brewery, so you really can’t lose by showing up.

For my collection of the best cloud accounting links I clicked on recently, keep on scrolling.

Calculate the Return on Investment (ROI) of productivity enhancing SaaS applications with my free ROI calculator template (available as a public Google Sheet). Use it to calculate the ROI of any subscription-based software designed to increase the productivity of your team.

If an IPO could be part of your company’s future, there are actions you can take to start preparing now. Join FloQast’s IPO Readiness Forum to hear from some of today’s most influential experts on IPO readiness for controllers and CFOs in a unique, interactive environment.

Rod Drury will remain with the cloud accounting firm as a non-executive director when former Microsoft Australia CEO Steve Vamos takes the reins in April. Read Xero’s blog post for the official talking points, and for analysis, check out Digital First’s blog post.

Ron Baker, a CPA who has significantly shaped the accounting profession by developing and evangelizing the value pricing model of accounting firm management, has been inducted into CPA Practice Advisor’s Accounting Hall of Fame.

"Cloud Accounting Weekly" is now "Own Your Close," a newsletter for industry accountants, controllers, and providers of outsourced accounting services! Subscribe and stay up-to-date with the latest in technology, new regulations, and management tips.

For additional resources for management accountants, visit https://floqast.com/resources/. FloQast (where I work) is close management software built by accountants for accountants to help them close faster and more accurately.